The rollover of contracts from month to month is done over 4 days now as UNG became so big that it was feared it would affect the price of the natural gas commodity itself when it was selling and buying futures contracts. The total number of contacts it rolls over is exactly the same of course.
Current contango is 1.45$ ($3.982 for May contracts to $ 3.925 for April contracts). In other words, if the rollover were all to be done today, UNG would lose 1.45% of its contracts. just by sitting there.
One wonders how much money investors have lost since inception.
This, in addition to UNG having received the 'Kiss of Death' yesterday.
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